EFTA01083341.pdf

Options for discussion following 14.11.11 call Geneva rt,LiA Katie Graves & Philip Munro Lantlan withersworldwide EFTA01083341  Basic option - multiple trusts Foundation Choice of jurisdiction for Foundation: - Foundation not found in Hong Monies from Families A, B & C Kong law -Liechtenstein, Panama - Foundation is the reputational? settlor -Jersey, Isle of Man, Bahamas -Labuan as an Asian option HK HK HK Trustee Trustee Trustee EFTA01083342  Option - sub-trusts Trustee Choice of governing law for trust(s) : -Hong Kong's trust law can achieve trusts for succession and investment purposes although it is less flexible than modern 'offshore' trust laws -In practice, Hong Kong is not a popular choice of governing law; even in Hong Trust Kong, BVI and Cayman trusts are more often created Sub-Fund Sub-Fund Sub-Fund A EFTA01083343  Private Trust Company model Rather than use institutional trustee, this model uses one or more Foundation private trust companies ('PTC's) for each trust; the foundation is settlor of the trusts and owns the PTCs Trustee Trustee Trustee Trust B Trust C EFTA01083344  Regulated fund option Trustee Trustee Trustee Trust A Trust C Fund established in Regulated fund (with light-touch regulatory Segregated cells) jurisdiction - regulated status sluaw4sanu! V sluawisanu! g sivawisanu! J limited 'KYC' requirements on investments EFTA01083345